True or False: In general, term loans can be created more quickly than bond issues because they (1) tend to be negotiated directly with the lender, (2) require less formal documentation than bond issues, and (3) are not registered with the Securities and Exchange Commission (SEC).

The correct answer is False

A bank loan is an agreement made between the bank and the customer, where you take a certain amount with the promise to pay in the future, plus interest and, often, in pre-defined installments. The agreement of the amount released for each client, as well as the interest rate, is different between one bank and another and negotiated under the terms of the loan agreement made.

The loaned amount does not need to have a fixed destination, that is, the customer can spend it with whatever he wishes, different from financing and costs, where the customer must have a specific destination for the money released by the bank, as long as he pays on time future installments.

no, dan should reduce his discretionary spending. not long-term goals involve more planning than short-term goals do

i think it's b or c hope this